Topic: They are milking money out of us - page 2. (Read 371 times)

These are two things that hurt investors, investors have a high expectation that they can sell the tokens they've bought for at least double the price they bought, and scammers are so good at making their project look good and with potential because they claim it will fill something in a particular niche but it's not.


They have to do that to be relevant and investors look at their project just take a look at the play to earn projects and play to move projects so many projects come out when there's hype on that interest


Bitcoin should be the focus of your investment and if you want to experiment with a new coin you can do so at the minimum percentage of your portfolio, it's important to not believe in hype.

You may not need the stress of avoiding all the unnecessary stress if you had avoided the chase after bounties at first while being a newbie, there are stages to everything, if you are coming in new, we got you over and be recommended with bitcoin, later when you can descern from the right and wrong projects, you may go for other alts or bounties, but when you begin on a rush to become rich or make quick money within a short time, all the above listed point becomes inevitable to fall a victim for, don't be too forward or over-desperate in cryptocurrency.

Definitely right. AI doesnt need a token but somehow there will be a use case for this that eventually be relate to blockchain. You know blockchain is a continously adopted technology. People tends to invent something that be useful.

Avoid hype AI related projects, from this youll know which major projects are fond of using hypes by tweeting AI word on their socials on which we knew arent their main features. They did that as well during nft so likely they are just riding the hype so beware of these kind of projects.

I remember there is "TrumpCoin" launched by the supporters of the then President of USA Donald Trump.

"Almost six years after the coin launched, Donald Trump's son Eric has publicly disavowed the project for the first time" https://coinmarketcap.com/alexandria/article/fraud-alert-trumps-plot-legal-action-on-trumpcoin

It is no surprise that anything in news comes to crypto with some catchy token name. Better refrain from such projects and focus on Bitcoin along with top ALTs.

Given by your rank. I think you should be aware on this kind of scheme on crypto. Not only AI technology but anything that become trending has a lot of shit project for the sole purpose of scamming people. Elon, Memecoin, DeFi, NFT gaming, metaverse and so on has a lot of shit project designed to scam investors that willing to risk on this project for a high risk high reward opportunity.

This scam project are those previous operator of ponzi and hyip that now using startup project to scam newbie. It’s not about AI but anything that trends is being use by this scammer to milk money on hard headed and dumb investor. Take note that most of them is NOT a newbie.

AI technology and crypto is like a sea with a mixture of water and oil.

If you are so into these AI narratives,  have it in mind that these must be treated like meme coins,  take profits aggressively and never look back.

If you go on dex tool search you will get over 200+ crypto projects with gpt and AI names on them and there are currently over 1000 AI projects now in the crypto space.

Few have a good use case, like one that generates AI pictures, but the question is why this needs a token. Some even went ahead and raise funds from the public, like seriously? What for?

Some Facts About AI projects in Crypto

*No AI project needs a token, it makes no sense.

*They are 99% Ponzi schemes.

*The real ChatGPT has nothing to do with crypto, that's why they stayed off.

*Ride the high wave and dump on retail investors, that's the goal.

*Some can be bought and can not be sold later, so only the dev gets rich.


The likes of Fetch and Ocean are data exchange and marketplace-based projects,  they have nothing to do with AI, another good example is the Graph, it's all about on-chain data still, and these are the big players under the so-called AI project and they barely have anything to do with AI.  

I have completely lost my respect for some big projects that existed before the AI hype begins, and they audaciously start tweeting 🐦 about AI stuff for their projects, why is that? To ride along the hype and get their bags pumped.

Avoid AI projects at all costs if possible, unless you have some money you are ready to gamble with,  think about it very well, crypto space and its projects are better off without AI,  this won't last long, instead.  

Focus on useful utilities that is sensible for crypto in general,  or just stick with Bitcoin, do not be one of those that will have horror stories to say about AI investments in future.